27 March 2015

Identity Theft Expert

Robert Siciliano - IDTheftSecurity.com

571Posts 1,424,786Views 60Comments

Protecting yourself from debit card fraud

06 January 2014  |  3361 views  |  0

A thief got a hold of woman’s debit card information and raided her bank account. This true story is described in a recent St. Louis Post-Dispatch article.

 

Thieves can wire money over the Internet and get the cash by showing a false ID, says the article. This kind of fraud is more common than people think. In the woman’s case, Visa detected the theft quickly and she got her money back. Many victims, though, learn they were robbed only after a check bounces.

You can’t 100 percent prevent card fraud because thieves hack into computers at banks and retailers to get card information. A clerk, even, can run your card through electronic skimmers to duplicate it. Skimmers are then swiped through ATM machines or gas pumps, ripping you off. However, there are ways you can reduce the fraud.

Don’t be phishing bait. An e-mail comes to you claiming you must make a payment and includes a link where to do this. These scam e-mails make gullible people think they’re from banks, retailers, even what seems like the IRS. The link to a phony website entices victims into typing in their bank account or credit card numbers: a done deal for the thieves.

Review bank and credit card statements promptly. Reporting something suspicious within two days means minimal liability with bank accounts. Wait too long and you may never recover your loss.

Never lose sight of your debit card. Always watch clerks swipe it. Don’t hand it to anyone else at the store.

Consider ditching the debit/credit card. Use an ATM card and a separate credit card rather than the combo.

Never give your card to anyone. This means a caregiver, nanny, dog sitter, relative—you never know what they may do.

Never give your card or account information to someone who phones you.

Never leave your checkbook around where someone can get at it. The St. Louis Post-Dispatch article reports the case of a man whose girlfriend’s heroin-addict son found his checkbook and wrote checks totaling $40,000 before he realized he’d been robbed.

TagsSecurity

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Robert

Hackers for Hire both Good and Bad

11 hours ago  |  810 views  |  0  |  Recommends 0 TagsSecurity

Everyone is vulnerable to Attack

25 March 2015  |  705 views  |  1  |  Recommends 0 TagsSecurity

Password Security vulnerable to Trickery

24 March 2015  |  389 views  |  0  |  Recommends 0 TagsSecurity

Attention Lenovo PC Owners: Something’s Fishy with Your Computer

18 March 2015  |  685 views  |  0  |  Recommends 0 TagsSecurity

Stolen Social Security number? Don’t Worry!

17 March 2015  |  782 views  |  0  |  Recommends 0 TagsSecurity

Robert's profile

job title Security Analyst
location Boston
member since 2010
Summary profile See full profile »
Security analyst, published author, television news correspondent. Deliver presentations throughout the United States, Canada and internationally on identity theft protection and personal security....

Robert's expertise

Who's commenting on Robert's posts

Bjorn Soland
Prasenjit Das
John Serocold
Ketharaman Swaminathan
Charmaine Oak
Iain Montgomery
Otmane EL RHAZI
Boris Taratine
Michael Rosenstein
Fred Pyziak
Matt Scott
Paul Love